C Kingsbury ) wrote:
: On second thought, unless you've owned an airplane before, don't even think
: about a leaseback. If you can't afford to own a plane on your own you sure
: as hell can't afford the risk of a leaseback. And if you can afford to own a
: plane, why let other people use it on all the nice sunny days?

This plane will be joinly owned by two or three people, one who
is a student at the flight school where it would live.

The plane will be something like a 152 or Tomahawk. The value of
the plane makes it an "investment" I could walk away from and I'm
considering no hull insurance on the plane. The payoff for the
student pilot is something in the area of 115 hrs.

From a purely investment point of view the numbers show up as ROI
of 7.5 years or some such thing so like any plane ownership, its
not a great idea.

All the numbers assume no major expenses outside of the averages
that the flight school has had for other aircraft that are of
the same age and condition. Anything else is a risk.

-tim
http://web.abnormal.com